German TVET And RM1.2b NSS Funding Will Help Address Semicon Talent Shortages

German TVET And RM1.2b NSS Funding Will Help Address Semicon Talent Shortages

German TVET And RM1.2b NSS Funding Will Help Address Semicon Talent Shortages. In a bid to alleviate talent shortages within Malaysia’s semiconductor sector, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz has highlighted the pivotal role of German Vocational Education and Training (TVET), also known as German Dual Vocational Training. This initiative aims to bolster the skills of Malaysian engineers through strategic funding allocations.

RM1.2 Billion Allocation For Talent Development

The Malaysian government has allocated RM1.2 billion as part of the National Semiconductor Strategy (NSS) to train and upskill 60,000 high-skilled engineers. This investment is crucial for meeting the escalating demand for skilled personnel within the semiconductor industry.

Collaborative Efforts with German Institutions

Minister Zafrul underscored collaborative efforts between the Ministry of Investment, Trade and Industry, the Ministries of Human Resources, and Higher Education. He praised the Malaysia-German Chamber of Commerce and Industry (MGCC) for its proactive role in promoting German TVET programs across Malaysian industries.

Government Support And Strategic Partnerships

During the MGCC annual general meeting, Minister Zafrul proposed a Malaysian-German partnership in digitalisation, particularly in enhancing the halal ecosystem. This initiative seeks to leverage German expertise in digital technologies to bolster Malaysia’s leadership in the global halal market, anticipated to reach RM23.6 trillion by 2030.

International Trade And Economic Agreements

Highlighting Malaysia’s commitment to international trade, Minister Zafrul mentioned the ongoing negotiations for the European Union-Malaysia Free Trade Agreement (FTA). He emphasized Malaysia’s participation in significant trade pacts like the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which enhance trade prospects with key global partners.

Conclusion

The concerted efforts between Malaysia and Germany in advancing TVET programs and economic partnerships underscore a commitment to addressing talent shortages and fostering economic growth. These initiatives are poised to elevate Malaysia’s semiconductor industry while enhancing bilateral relations and trade cooperation between the two nations.

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